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RECP Finance Catalyst

RECP Finance Catalyst

State

completed

Date

1 July, 2016 to 31 December, 2017

Region

Central Africa

East Africa

Europe

Southern Africa

West Africa

Summary

The RECP offers its “Finance Catalyst” advisory support to project developers on project development, structuring and access to finance (“bankability TA”) in order to assist them in getting their propositions “ready for financing”. In the integrated logic of the RECP, our other services (e.g. market information, match-making and outreach to private sector) mobilise interest and channel beneficiaries to the Finance Catalyst.

The access-to-finance services are delivered through a team of highly experienced professionals. The support can be accessed through a standardised and fair procedure via an “intake” link on the RECP private sector portal website at www.africa-eu-renewables.org. All applicants are assessed according to the same procedure, against a number of eligibility and assessment criteria.

The RECP does not provide direct financial assistance; the team provides advisory support with a time budget of approximately up to 100 hours per project. This advisory support is positioned to be fully complementary to existing grant or financing instruments, by way of assisting applicants to get access to these instruments. The team cooperates very closely and directly with financing instruments in a “two-way-street”, both feeding into these instruments, as well as being open to receive referrals of projects with good potential but lacking readiness for financing.

In doing so, the RECP service reduces transaction costs at both ends, both for project proponents as well as for financiers. Ultimately, this boosts the pipeline of viable projects, leads to accelerated and increased investment, and thereby contributes directly to reaching the political objectives related to renewable energy, energy access and climate change.

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Service Lines Supporters

The RECP is a programme of the African-EU Energy Partnership (AEEP), a partnership between the European Union and the African Union.

The EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) is responsible for the implementation of the Africa-EU Renewable Energy Cooperation Programme (RECP). The EUEI PDF is currently funded by the European Commission, Austria, Finland, France, Germany, the Netherlands and Sweden.